Joint Accounts 8

Excellent. That’s what I see as moving banking forward.

My only query is my missus finding out how much money I have left as she’ll see I’m a good budgeter, then she’ll spend mine as well?! The only managing of finances will be when she spends my money!

Joint accounts or similar work for some, but for me we have a joint bills accounts, and 2 separate personal accounts for our own spending.

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That is exactly the setup I have with my other half. We pay in a set amount each month and the bills come from it. It seems to work for us!

As for your first comment, I don’t want the missus finding out how much I spend on vinyl (though I don’t want to know either :joy:)

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I once started to total up the amount I’d spent on vinyl. I had to stop. I was close to tears.

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I have the same setup with my other half.

I agree … why manage two (or three) accounts when you can manage just one. All ‘family’ income into the same place and all 'family’
expenses going out from the same place. Really important to find a solution to this one in my view.

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Definitely, there was some discussion about this idea earlier today here too -

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Confused by the numbering then, if that’s not just earlier in this thread @alexs - does Discourse break into a new thread with the same name + increment after a certain number of replies, but still allow posts to the old one as if a separate topic? Sort of load balancing more than archiving?

Or is someone renaming duplicates without merging anything?

That’s me renaming duplicates - is the sequence making sense?

The numbers are assigned based on when the post was created so that when posts appear in the search results, users can see the order.

Only the Monzo team can merge threads currently.

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Ah righto. It makes sense, just a little odd to have them concurrently active. Still, better than different names I suppose.

You might see if you could get permissions/the role/whatever to be able to close them at least? Then duplicates could be renamed, a pointer added to the active one, and locked from further contribution.

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I think this would be perfect in flatshares for pooling money to deal with various household expenses

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@OJFord going forward old posts will be closed after 6 months of inactivity. Merging can get confusing as the timestamps muddle the flow of conversation. The inactivate duplicates will be extinct in time!

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It’s a bit of a work-around, but this system works well for us.
Use case : we have a joint monthly budget for all of our discretionary spend (eating out, groceries, etc), plus our own budgets for a couple of categories (clothes, cash).
We both have monzo cards and wanted to be able to track all spending to the appropriate category.
Our solution: Jane’s card account has all the joint category budgets and we both have our own for the personal ones.
Whenever I spend on something which should come off a joint category, I quickly (takes 15 seconds) send her a monzo-me via WhatsApp for that amount, putting the category as the description.
She confirms payment back to me in seconds and her category is ‘charged’ that amount.
Result : very low effort, great real time budgeting.
Works for us.
Could never do that with our Nat west account.
However, looking forward to full joint account in monzo.

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It might be worth considering sending your partner a message with the amount & category and then her sending the payment using the in-app transfer feature. I guess that would be the ideal process for Monzo because Monzo.me costs Monzo money :money_with_wings:

But at the end of the day, you’re the user & you’re just doing what’s most convenient for you. That sounds like an ingenious solution! :eyes:

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Remember that between two Monzo users, Monzo.me links redirect in to the app and become regular internal Monzo payments.

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If that is working ok then great :tada:

I thought maybe it wasn’t set up yet for Android.

Thanks both - I’ll check that out

So I looked at just sending a message outside of monzo app, but it would put more onus on the other person.
Looking at the options, i think using the monzo.me sequence is much simpler.
Thanks anyway.

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Thanks for the suggestion

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